Risk Management Practices and Project Success: A Case Study of Africa Center for Health Systems Research & Management in Nairobi - Kenya
Loading...
Date
2024-10
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Daystar University, School of Business and Economics
Abstract
Project Management is an intricate and demanding endeavor that requires meticulous planning, strategic foresight and proper implementation. In recent years, the prevalence of risks within projects has increased, presenting various operational, financial, resource, and strategic-level challenges that can significantly impact project success. As a result, risk management has emerged as a critical component in ensuring project success. The study examined the influence of risk management practices on project success. A case study of Africa Centre for Health Systems Research and Management. The objectives that guided the study were: to examine risk management practices as employed by Africa Centre for Health Systems Research and Management specifically in their HIV and AIDS projects, to evaluate project success based on timely completion, stakeholder satisfaction and overall achievement of project deliverables to investigate the influence of risk management practices on project success outcomes. The theories that guided this research include: Enterprise Risk Management theory; Network theory and Theory or constraints. The study adopted a descriptive research design and used primary data in the form of an administered questionnaire. 76 respondents from Africa Centre for Health Systems Research and Management in Nairobi County, project staff add up the target population. Given the relatively small size of the target population, a census was used. Data was analyzed using SPSS and presented in terms of tables, graphs and percentage. The study's findings revealed that risk management practices at ACHESREM were well-implemented, particularly in the areas of risk identification (mean = 4.03, SD = 0.72) and risk assessment (mean = 3.95, SD = 0.72). However, there was room for improvement in risk mitigation strategies (mean = 3.86, SD = 0.73). Project success was generally achieved, with stakeholder satisfaction (mean = 4.03, SD = 0.89) and deliverables achievement (mean = 4.02, SD = 0.86) scoring well, though challenges were noted in timely completion of projects (mean = 3.66, SD = 0.86). Correlation analysis demonstrated a moderate positive relationship (r = 0.538, p < 0.01) between risk management practices and project success. Additionally, regression analysis indicated that 28.9% of the variance in project success could be explained by the effectiveness of risk management practices (R² = 0.289). The F-statistics of 25.224 (p = 0.000) confirmed the significance of the model. The study concluded that enhancing risk management practices, especially in mitigation strategies, would likely improve project outcomes. The study recommends improving time management, adopting stronger risk mitigation measures, and fostering a positive risk culture to further enhance project success at ACHESREM
Description
Master of Business Administration in Project Management.
Keywords
Project Management, Africa Centre for Health Systems Research and Management
Citation
Wesa, L. W. (2024). Risk Management Practices and Project Success: A Case Study of Africa Center for Health Systems Research & Management in Nairobi - Kenya. Daystar University, School of Business and Economics